MARGAO
Even as the Court of Judicial Magistrate First Class, Margao has further extended the remand of Margao Municipal LDC Yogesh Shetkar to four days police custody, more trouble seem brewing for the Municipal employee, who was arrested by the Margao police in the feast fair revenue embezzlement case.
A resident of Bambolim, Arjun Baliram Sutar on Thursday lodged a complaint with the Margao police against Yogesh for alleged breach of trust, fraud and cheating.
In his complaint, Sutar alleged that Yogesh, Director of Devrichtechnotics Future World Pvt. Ltd., has cheated him causing a financial loss to the tune of Rs. 1,05,000 by collecting the amount from him as investment, and further promising him returns @ 1,000 per day a period of 1 year, and thereafter return the investment amount of Rs. 1,00,000.
Saying that he had come in contact with Yogesh by virtue of an advertisement in the newspaper mentioning about his investment scheme, Sutar said the investment amount was paid to Yogesh by way of bank transfer of Rs. 75,000 dated 30/05/2022 and ii). Rs. 30,000 on 07/10/2022.
“Though Yogesh had received a total amount of Rs. 1,05,000, he issued me a receipt for Rs. 1,00,000 only, and stated that the 5000 extra paid would be paid later. Subsequently Yogesh executed a Memorandum of Understanding on 01/06/2022, before Advocate and Notary”, he said.
He added: “Upon the expiry of the locking period of 12 months, the promised amount of Rs 1000 per day was not paid to me. So I consistently approached Yogesh, who stated that there was some delay, but the money as promised would be paid to me in total. Though now it’s over two years and six months have passed, the amount has neither been paid me the profit amount nor my principal amount of Rs 1,05,000 is returned”, he stated in his complaint.
